Nvidia CEO: Smart, successful people struggle with these 2 traits—but they kept my $2 trillion company from collapsing

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Today, Nvidia is a $2 trillion tech giant — but in 1996, CEO and co-founder Jensen Huang had to swallow his pride to keep the company from going out business.

It's never easy to admit you made a mistake, or ask for help fixing it — but doing both of those things once saved tech giantfor its computer chips. But in 1996, it was three years old, facing layoffs and close to going out of business as a contract with a major partner — video game company Sega — fell apart.

Huang's strategy to keep Nvidia afloat involved a rare amount of humility for a CEO, he told graduating students in aAs part of the Sega contract, Nvidia needed to make chips for rendering 3D graphics on gaming consoles, Huang explained. The contract was a big deal for the young business and it essentially"funded our company," he added.

"I was embarrassed to ask," said Huang."The CEO of Sega, to his credit and my amazement, agreed. His understanding and generosity gave us six months to live.". Huang used the money from the Sega contract to scrap Nvidia's initial efforts and to build a new chip — the RIVA 128 — that was compatible with DirectX.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 319. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Palo Alto Networks CEO explains why he's partnering with companies like NvidiaPalo Alto Networks CEO Nikesh Arora told CNBC’s Jim Cramer it’s important to partner with AI companies to protect customers from hackers using the…
Bron: NBCLA - 🏆 319. / 59 Lees verder »

Nvidia CEO Jensen Huang explains why his company is making humanoid robotsNvidia CEO Jensen Huang told CNBC’s Jim Cramer his company is making humanoid robots because data used to train these models comes from people.
Bron: NBCLA - 🏆 319. / 59 Lees verder »